Ripple Drops $1 Billion on GTreasury as XRP Treasury Plans Emerge
**Ripple Acquires GTreasury for $1 Billion, Expanding Corporate Treasury Capabilities**
Ripple Labs announced on Thursday the acquisition of Chicago-based corporate treasury management company GTreasury for $1 billion. This marks Ripple’s third significant acquisition in 2025, following its purchases of Hidden Road for $1.25 billion and stablecoin platform Rail earlier this year.
The acquisition equips Ripple with advanced infrastructure to manage digital assets in corporate treasuries, including stablecoins and tokenized deposits. By integrating GTreasury’s treasury management software with Ripple’s blockchain technology, the combined platform offers clients around-the-clock access to their funds and near-instant cross-border settlement capabilities.
**Addressing Legacy Payment System Challenges**
Ripple CEO Brad Garlinghouse emphasized that the deal targets longstanding issues with slow and costly payment systems. He pointed out that trillions of dollars have been trapped in outdated infrastructure, resulting in frequent delays and high transaction fees. The addition of GTreasury’s tools is expected to modernize and streamline treasury management for corporate clients.
**Strategic Focus on Global Repo Market and Real-Time Payments**
Following its Hidden Road and Rail acquisitions, Ripple aims to provide customers with access to the multi-trillion-dollar global repo market. The company is also prioritizing real-time cross-border payments with competitive rates, leveraging its expanding blockchain capabilities.
**XRP Treasury Fundraise Underway**
Bloomberg reports that Ripple is leading a fundraising effort to raise at least $1 billion for a new XRP treasury through a special purpose acquisition company (SPAC). Ripple plans to contribute its own XRP holdings to the new entity. Although details are still being finalized, this initiative could create the largest digital asset treasury dedicated to XRP.
In a related move, Singapore-based Trident Digital announced plans in June to raise $500 million for an XRP treasury, highlighting growing institutional interest in digital asset treasuries despite current market challenges.
**Recent Partnerships Strengthen Ripple’s Ecosystem**
Ripple has forged several key partnerships with financial institutions recently:
– **BBVA:** In September, Spanish banking group BBVA appointed Ripple as custodian for digital assets held by its institutional clients.
– **Franklin Templeton & DBS Bank:** Also in September, these firms signed a memorandum of understanding with Ripple to launch tokenized trading services on the XRP Ledger. This initiative facilitates transactions using stablecoins and tokenized money market funds, providing fund managers with tools to manage volatility and pursue yield opportunities.
– **Bahrain Fintech Bay:** In October, Ripple partnered with Bahrain Fintech Bay to offer digital asset custody services integrating RLUSD dollar-pegged stablecoins into Bahrain’s digital asset ecosystem. Bahrain Fintech Bay is a public-private partnership supporting fintech startups in the region.
**Competing with Traditional Financial Systems**
These strategic acquisitions and partnerships underline Ripple’s ambition to compete with the SWIFT interbank messaging system, the longstanding global standard for financial institution money transfers.
As of the latest trading, XRP—the fifth-largest cryptocurrency by market capitalization—was valued at $2.35, down 3.33% in the past 24 hours amid a broader downturn in the cryptocurrency market.
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*Stay tuned for more updates on Ripple’s expanding footprint in the digital asset and corporate treasury space.*
https://coincentral.com/ripple-drops-1-billion-on-gtreasury-as-xrp-treasury-plans-emerge/
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